empty
26.11.2021 07:13 PM
Bitcoin: Waiting for an Impulse? Catch BTCUSD at 52,000

Black Friday suddenly turned into a red Friday for the cryptocurrency market. Bitcoin very skillfully bounced off the resistance of the 55,842.84 - 59,283.67 corridor and broke through its support. Now catch BTCUSD at $52,000 per coin.

What became the catalyst and how dangerous it is for the crypto market?

African Strain of Coronavirus or Thin Market?

Markets were shocked by the news of the discovery of a new African strain of coronavirus on Friday. It is distinguished by a large number of still unexplored mutations, as well as a higher propagation rate.

Stock and commodity markets collapsed. Does this mean that bitcoin, followed by other cryptocurrencies, also collapsed amid the flight from risk? Perhaps.

But here, I think, it was not without the effect of a thin market due to the weekend in the United States. I'm not sure if this works the same on cryptocurrency exchanges as it does on the stock exchange, but I won't completely rule out the impact.

Is it worth buying back the fall?

Analysts point out that Bitcoin could fall 20% from record highs and this is a great opportunity to "buy back the fall." For large market participants, it may be so, but for private traders, this is clearly not the best opportunity. Catching falling knives in the middle of the range is very risky for a small capital.

But when it will be possible to consider purchases, it is when the price reverses in the area of $52,000 per coin. The nearest support zone is visible there. I think the price may stop here. However, it is not necessary to open deals before a clear reversal is formed. It's such a time now where anything can happen locally.

Bloomberg claims bitcoin is "bearish"

While some are recommending buybacks, popular trader and podcast host Scott Melker warned against following the crowd expecting to buy out even lower levels.

Funding rates on exchanges are a sign that sales are likely not over yet. They are still high despite the 24-hour liquidation volume approaching $700 million.

Melker also drew attention to an unusual correlation between the US dollar and bitcoin. He believes, as already noted above, that this is due to the impetus given to the market by fears around the virus.

Experts usually argue that Bitcoin tends to be inversely correlated with the US dollar, which, incidentally, collapsed on Friday against a basket of currencies.

However, now bitcoin has fallen along with the dollar index markets - the correlation (if any) turned out to be direct. There is a strange escape from risk.

Or is it just Black Friday?

Nevertheless, a similar trend was already observed when at the end of November 2020, Bitcoin fell to about $16,400, but then recovered and for the first time in three years crossed the level of $20,000 per coin.

So maybe not everything is so critical yet. At least, in my opinion, there is no need to panic until the area near $52,000 per bitcoin is broken.

Meanwhile, other analysts argue that a heavy block of support in the form of buyers' positions at $53,000 stands in the way of further losses of BTCUSD. This is roughly the area that corresponds to Bitcoin's $1 trillion market cap.

This image is no longer relevant

Pilih carta masa
5
min
15
min
30
min
1
jam
4
jam
1
hari
1
minggu
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN

Artikel yang dicadangkan

Musim Dingin Kripto Sedang Menjadi Sebahagian Dari Masa Lalu

Bitcoin sedang menunjukkan pertumbuhan yang kukuh dan hampir mencapai paras tertinggi baharu. Walau bagaimanapun, adalah penting untuk memahami bahawa langkah terakhir ini akan menjadi agak mencabar dan memerlukan pemangkin yang

Jakub Novak 10:18 2025-06-11 UTC+2

Cadangan Dagangan untuk Pasaran Mata Wang Kripto pada 11 Jun

Bitcoin sedang melalui pembetulan selepas kenaikan mendadak semalam ke kawasan $110,500, manakala Ethereum terus bertenaga—dengan kenaikan melebihi 6% semalam dan kini didagangkan pada $2,785. Dengan lonjakan pasaran yang begitu kukuh

Miroslaw Bawulski 09:01 2025-06-11 UTC+2

Bitcoin Menyambung Semula Kenaikan — Dan Terdapat Sebab di Sebaliknya

Bitcoin telah menyambung semula pergerakan ke atasnya, menarik aset mata wang kripto lain bersamanya. Kenaikan hari ini semasa sesi Asia jelas menunjukkan penembusan beberapa tahap rintangan teknikal utama merentasi beberapa

Jakub Novak 10:12 2025-06-10 UTC+2

Cadangan Dagangan untuk Pasaran Kriptowang pada 10 Jun

Bitcoin akhirnya berjaya menembusi paras $107,000, dan dalam sesi dagangan Asia hari ini, ia melonjak pantas ke sekitar $110,000, hanya satu langkah lagi untuk memperbaharui paras tertinggi sepanjang masanya. Namun

Miroslaw Bawulski 09:30 2025-06-10 UTC+2

Cadangan Dagangan untuk Pasaran Mata Wang Kripto pada 9 Jun

Bitcoin telah mencapai tahap yang digemari kebelakangan ini iaitu $106,500 sekali lagi, walaupun data pasaran buruh A.S. pada hari Jumaat tidak menyokong kenaikan ini. Ethereum juga mengukuh sepanjang hujung minggu

Miroslaw Bawulski 09:21 2025-06-09 UTC+2

Analisis Teknikal Pergerakan Harga Intraday Matawang Kripto Litecoin, Khamis 05 Jun 2025.

Pada carta 4 jam bagi mata wang kripto Litecoin, terdapat kemunculan corak Descending Broadening Wedge yang menunjukkan kemungkinan pengukuhan dalam masa terdekat. Walaupun ketika ini terdapat potensi untuk pembetulan penurunan

Arief Makmur 09:53 2025-06-05 UTC+2

Cadangan Dagangan untuk Pasaran Mata Wang Kripto pada 5 Jun

Bitcoin semakin jarang mencapai $106,000 dan lebih kerap jatuh ke arah $104,000, yang merupakan petanda jangka pendek yang agak membimbangkan. Lambat laun, corak ini mungkin membawa kepada pembetulan yang lebih

Miroslaw Bawulski 09:20 2025-06-05 UTC+2

Cadangan Dagangan untuk Pasaran Matawang Kripto pada 4 Jun

Bitcoin dan Ethereum terus mencuba untuk menembusi tahap rintangan utama tetapi berdepan halangan yang sama. Di satu pihak, ini menunjukkan pendekatan berhati-hati oleh pemain pasaran utama dan sikap tunggu

Miroslaw Bawulski 09:19 2025-06-04 UTC+2

Hubungan Korelasi Antara BTC dan Kecairan M2 Global Kekal Tinggi

Bitcoin masih tidak dapat bertahan kukuh di atas paras $106,000, yang menimbulkan kebimbangan tertentu. Walaupun altcoin dan token lain menunjukkan prestasi yang lebih baik, sekurang-kurangnya dalam beberapa hari kebelakangan

Jakub Novak 09:17 2025-06-04 UTC+2

Analisis BTC/USD pada 4 Jun, 2025

Pola gelombang pada carta 4 jam untuk BTC/USD telah menjadi lebih kompleks. Kami memerhatikan struktur pembetulan menurun yang menyelesaikan pembentukannya sekitar paras $75,000. Selepas itu, peningkatan yang agak kuat bermula

Chin Zhao 09:10 2025-06-04 UTC+2
Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.